Me too! lol

 

Something like this will not deter this vehicle from being L-Certified as long as the car has been well taken care of (maintained at dealership, low mileage, and etc.). You will see L-Certified vehicles come up time to time with a minor accident reported on Carfax. The cost of this repair may be even below the threshold to be reported. Here in California it’s $1000 to be reportable by law.

https://www.clublexus.com/forums/mai...pre-owned.html

Diminished value for something like this is laughable.

 

Pretty impressed with Geico. Got a call just now, had sent in pictures through their claim app, have an estimate in hand just over $500, my body shop of choice is reflected, everything is approved including the rental car and it can go into the shop as soon as the shop can take it...

 

Although this majorly sucks aside from the inconvenience you’ll be OK financially. If I recall correctly you leased this vehicle so the diminished value claim is just not worth pursuing as it’s not your problem.

I had almost the exact same rear end happen with my old 2013 ES 350 and I got a $2500 diminished value settlement which actually work because that was about what they knocked off when I traded it in.

Luxury cars if they have a Nick on the Carfax it definitely affects the value.

 

My guess is it won't even show up on a Carfax, I haven't had anything like that show up on a Carfax.

Its leased but I may very well buy it out at the end and keep it a while. We'll see. Buyout on it is very low though.

 

There should be no issue repairing that bumper, my dad got rear ended on the highway by some druggie and the bumper was way worse and he had it repaired to where it looked brand new. He said the USAA certified repair place told him they use a new technique now instead of replacing bumpers and they look perfect after the repair.

As far as diminished value, I just don't see how you would really lose value over such a minor tap and damage, you have everything documented including pictures, if anyone would try to give you less for the car saying it has a accident on it you could just show them the pics that is was just minor.

Who is really not going to buy or only buy if they get a big discount a pretty hard to find car like a LS460 because it had such a minor tap as long as it was fixed properly? I would not lower my selling price a dime because of something so minor especially when I have documentation and it was fixed properly. Funny thing is nobody would know about these minor or even medium fender benders before Carfax but now some people freak out over one or two accidents just because there is a record of it on some site and act like the car is tarnished and unworthy of a purchase just because there is a record of it being in a minor accident or two. Just about every car eventually has some accident or minor damage do to something during its lifetime. KBB does not even factor in accidents on the value of cars.

 

Agreed. Every search I perform on CarGurus, I always exclude vehicles that have an accident reported. May be nothing or could have been in a major accident, but I’m not interested. Tough to sell a vehicle that had been in an accident, even a minor one like this. If trading, dealers will take it, but they will give you less because it’s flagged on CarFax.

 

Did you contact the police? In my case we called because the guy that hit me was questionable looking so I wanted to be sure to document. That’s how it hit the car fax in my case

 

Nope, didnt call the police. That will trigger a Carfax too agreed.

In my case I have pictures, a video of the accident, and all the documentation plus a 90% chance it never appears on a Carfax anyways.

My wife's 2004 Prius had $5000 worth of hail damage repaired and never showed up on a Carfax, and never impacted its value. I've had numerous cars over the years that have had this sort of repair, and its never come up when selling or trading them in, and its never showed up on a Carfax.

 

Sorry to read this. Tennessee passed a no phone law recently. Probably won’t stop all of these bumper thumpers. Just hope in time it catches on.

 

Handheld phones are illegal here too. You see what good that did me lol

 

Here's an FYI. Leasing companies are now coming after lessors for diminished value. I believe that it is a growing trend. For owned-cars though, this minor accident will result in your losing about 15% of the pre-accident fair market value.

 

Like I said before, I have had several cars that have had bumpers repainted and replaced and I have never experienced that, not once. I think you guys are making this a way bigger deal than it is. Car is being fixed at Lexus' referred shop, not going to have any problems with turning the car in if thats what I choose to do. The lessor of a vehicle can't even bring an action for diminished value.

Its two scrapes on a bumper, I think we all need a little reality check here.

 

I disagree with this blanket statement and offer the following supporting anecdote. In 12/15 my wife's 2014 Honda CRV EX-L was hit somewhat hard in a freeway crash. Fortunately, she, my daughter, and infant granddaughter were not injured. The repair bill was $7600 for a new rear bumper cover, a new right rear quarter panel, a new right rear door skin, and a new alloy wheel. The car also required some time on a frame machine. The repairs were performed at a Honda store and were superbly done.

Once finished we literally drove straight from the repair facility and traded it on a new Toyota 2016 RAV4. After disclosure of its crash history, the dealer calculated its trade value at $21,000, a mere $800 less than if it had never been damaged. I was delighted at such a small hit, less than 5%. My wife couldn't sign the paperwork fast enough!

Diminished value depends on several factors and I've never seen any authoritative information to suggest a fixed percentage applicable in all cases.

 

And had you not disclosed its history I bet it wouldnt have even come up.